Global Food Prices Soar: Olive Oil and Potato Prices Reach Record Highs
Olive oil production is expected to decline significantly this year due to a combination of overproduction in previous years, which depleted the trees, and a shortage of workhands. Forecasts suggest that production may fall below 150,000 tons, compared to last year's 340,000 tons. Labor shortages, including the fact that previous workers have moved on to manage their own estates, have contributed to the decline in production.